Social and Behavioral Sciences Commons^™

A Framework For Assessing The Economic Benefits And Costs Of Workplace Literacy Training, Kevin Hollenbeck

Upjohn Institute Working Papers

Many individuals are grappling with the issue of whether to provide workers with training that upgrades the workers' basic academic skills. The corollary questions that flow from this issue are how to provide the training, how much training should be provided, and who should pay for the training. Workers are interested in this issue because they want to sustain productive, well-paying careers that will support adequate standards of living. Not receiving training may jeopardize their careers and earning power. Employers are interested in this issue because their economic role is to maximize corporate profits for stockholders. In most companies, worker …

New Mexico Labor Market Review 12-31-1995, New Mexico Department Of Labor

Historic Publications

This issue of the New Mexico Labor Market Review presents November 1995 employment, unemployment, wage, and economic activity data for New Mexico, its counties, and metropolitan areas.

Central Bank Of Nigeria Statistical Bulletin, December 1995, Central Bank Of Nigeria

CBN Statistical Bulletin

Financial data is compiled from balance sheets and financial statements, which are primarily designed for legal and administrative purposes rather than economic analysis. The Finance and Accounts Department prepares the CBN accounting balance sheet data for the Research Department, using the monthly return of Assets and Liabilities and the summary trial balance as benchmarks. The Financial Statistics Office compiles the analytical CBN balance sheet without major reclassifications or rearrangements. The consolidation of accounts of monetary authorities and deposit money banks produces monetary survey accounts. Deposit money banks are highly prone to volatility and fragility, making them subject to regulations and …

The Effects Of Social Security On Private Saving, Zhenghong Lu

Masters Theses & Specialist Projects

The purpose of this paper is to re-estimate the impact of Social Security on aggregate private saving behavior by using new time series data for the period 1947 through 1993. The analysis is based on the life-cycle hypothesis developed by Modigliani and Ando. Feldstein's extended life-cycle model, incorporating Social Security Wealth (SSW) into the traditional life-cycle model, provides the building block for this paper. A Generalized Least Squares (GLS) procedure is used to perform the time series analysis in order to avoid autocorrelation, which is usually associated with the Ordinary Least Squares (OLS) procedure. Compared with OLS estimations, the results …

Spurious Regression In Forecast-Encompassing Tests, Peter C. B. Phillips

Research Collection School Of Economics

No abstract provided.

The Significance Of The Oso Condensate Project In The Nigerian Economy, I. P. Ojinnaka

Bullion

This paper outlines the historical background and financing of the Oso condensate project, examines the benefits of the project in terms of revenue expectation, infrastructure development, employment and investment opportunities, benefit to the communities and owners of the project, as well as underline the potential constraints. For the ease of presentation, the paper is organised into sections and an introduction. Section I describes the features of the project while section II analyses the benefits. Section III outlines the potential constraints and section IV is summary and conclusion.

Nipa Book Data Extraction + Revisions, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Annotated pages from the book Measuring the Wealth of Nations

• Handwritten notes titled Structure of NIPA/SV Book (December 1995)

• Notes on Data Systemization – Shaikh & Tonak (1994) (January 1996)

• Handwritten NIPA/SV Post-Paperback Draft (January 20, 1996)

• NIPA Book Revisions (December 1, 1995)

• Tables on IO measures

• Handwritten diagrams related to the book

• Email from Michel Juillard to Jeong and Shaikh regarding the location of a book reference

Coresidence With An Older Mother: The Adult Child's Perspective, Beth Soldo, Douglas A. Wolf, Vicki A. Freedman

Center for Policy Research

We estimate models of coresidence between adult children and their elderly unmarried mothers, using data from the National Survey of Families and Households. The models include controls for women’s wages, along with other variables representing competing demands on their time. Among married couples we explicitly represent the “competition” for residential space between a child’s mother and mother-in-law. The information necessary to identify the observations of interest— respondents with a living, unmarried older mother— is missing in most cases. We address this problem using a multiple imputation strategy. The results indicate that wages, income, and parental health are related to parent-child …

The Medium-Term Prospects For The Management Of Nigeria's External Debt., Paul A. Ogwuma

Bullion

The paper highlighted the antecedents to Nigeria's current debt problem and the efforts made so far to address it. It also assess the debt situation in the medium-term in the light of current economic development, including the prospects for its effective management and the policy implications.

Managing Self-Help Groups (Shgs) Linkage Programme For Effective Savings Mobilisation And Credit Delivery., Ernest E. Eyo

Bullion

The article is an address by Eyo Ernest on the operations and problems of the Self-Help Groups (SHGs) Linkage Programme for Effective Savings Mobilisation and Credit Delivery*to date with a view to providing a basis for deliberation during the workshop and the role of banks ln the implementation of the Programme.

Financing Farmers' Cooperative Societies Under The Agricultural Credit Guarantee Scheme Fund (Acgsf): The Self-Help Groups (Shgs) Linkage Option., O. E. I. Ucheagwu

Bullion

This paper examine the performance of Cooperative Societies in credit utilisation under the Agricultural Credit Guarantee Scheme (ACGSF) for ease of presentation, the paper is divided into five parts. Part Ideals with the establishment of Agricultural Credit Guarantee Scheme (ACGS). Part II focuses on the performance of Cooperative Societies under ACGS. Part III discusses the concept of Self-Help Groups (SHGs) Linkage Programme as an improved model in rural credit Administration. Part IV examines the problems and prospects of SGHs as viable channels of credit; while Part V contains some recommendations and conclusion.

Agribusiness, The Environment And Sustainable Economic Growth In Nigeria., G. E. Ukpong Dr,, G. O. Evbuomwan, E. U. Ukeke, F. O. Afemo

Bullion

The paper reviewed the performance of agribusiness in Nigeria in recent years and some major environmental problems which affected it, with a view to making some suggestions capable of fostering sustainable environment and growth of agribusiness in the interest of all economic agents.

The Structure Of Nigeria's External Trade: A Focus On Exports, Hammed A. Abebefe

Bullion

This paper examines the factors constraining the growth of non-oil exports with a view to suggesting solution to redress the situation. In order to execute the task effectively, the rest of the paper is divided into four parts. Part two provides the macroeconomic background to export trade in Nigeria and reviews external trade policies that have been put in place by government. In part three, the issues involved in export promotion, financing and marketing are highlighted, simultaneously an x-ray of the institutional structure on which the sector relies. In part four, the authors analyse the impact of policies on the …

What We Know About Multifamily Mortgage Originations And Why We Care, Amy D. Crews, Robert M. Dunsky, James R. Follain

Center for Policy Research

The three publicly available data sets on multifamily mortgage originations are examined and compared in an attempt to resolve the more than $20 billion discrepancy between the published estimates of the size of the conventional conforming multifamily lending market. The data are from the Survey of Mortgage Lending Activity, the Home Mortgage Disclosure Act data, and the 1991 Residential Finance Survey. The analyses show that all three data sets have substantial weaknesses, and that the primary source of the differences in estimates is due to differences in the populations covered. The 1993 multifamily mortgage originations volume is estimated to be …

Emergency Extensions Of Unemployment Insurance: A Critical Review And Some New Empirical Findings, Stephen A. Woodbury

Book Chapters

No abstract provided.

Needed: An Armey Commission On The Budget, Murray L. Weidenbaum

Murray Weidenbaum Publications

The idea of a balanced budget is a fine start on the path towards governmental fiscal stability. The much harder task comes in identifying the specific spending cuts that should be made and attracting sufficient public support for such tough action. Currently, powerful interest groups are able to push very hard for the particular spending programs that benefit them. One solution to this problem would be to refer budget cuts to a bipartisan, blue-ribbon commission. Congress would then be required to vote up or down on the entire package, without opportunity to make exceptions for specific programs.

Tax Reform: Reconciling Economic Growth And Fairness, Murray L. Weidenbaum

Murray Weidenbaum Publications

The emerging debate on fundamental tax reform in the United States is focused too narrowly. The key disagreement currently is between promoting economic growth and maintaining fairness via a progressive tax structure. Alarmingly, most of the reform proposals which have gained attention do eliminate the progressivity which has been a long-term hallmark of the federal income tax system. This paper demonstrates that it is possible to achieve both objectives while making basic improvements in the federal revenue structure.

Temporary Equilibrium Dynamics With Bayesian Learning, Shurojit Chatterji

Research Collection School Of Economics

This paper examines the stability of deterministic steady states in a class of economies where the state variable is one dimensional and where agents use Bayesian techniques to form expectations. The dynamics with learning are locally convergent if the prior mean is close to a stable perfect-foresight root having modulus less than 1 and if the prior beliefs are held with enough confidence. The dynamics are, however, divergent if the prior mean or the variance of the prior distribution is sufficiently large

The Hog Industry: Can The Little Guy Compete?; Crop Market Alternatives, Gene E. Murra, Dick Shane

Economics Commentator (1972- 2016)

No abstract provided.

New Mexico Labor Market Review 11-30-1995, New Mexico Department Of Labor

Historic Publications

This issue of the New Mexico Labor Market Review presents October 1995 employment, unemployment, wage, and economic activity data for New Mexico, its counties, and metropolitan areas.

Good Jobs, Bad Jobs: The Long-Run Implications Of Employment At Different Wage Rates For The Disadvantaged, Timothy J. Bartik

Conference Papers

No abstract provided.

Performance Management Of Employment Programs In Hungary And Poland, Christopher J. O'Leary

Conference Papers

No abstract provided.

Bank Entry During The Antebellum Period, Andrew J. Economopoulos, Heather M. O'Neill

Business and Economics Faculty Publications

A recent study by Kenneth Ng (1988) challenges the view that free banking laws lowered barriers to entry. The authors' study examines bank entry and capital formation in free and nonfree banking states during the free banking period. A competitive model is developed and used to test if barriers were lowered in free banking states. The evidence indicates that entry significantly increased after the enactment of the free banking laws and that entry policy in nonfree banking states appeared to have been 'liberalized' when the free banking laws were enacted in other states.

Using Recurrence Probabilities To Estimate The Volume Of Multifamily Mortgage Originations, Robert M. Dunsky, James R. Follain, Jan Ondrich

Center for Policy Research

This study uses recurrence probabilities to generate forecasts of the volume of multifamily mortgage originations for the period 1992-2002. The approach concentrates on predicting the volume of property sales using the baseline of a multifamily prepayment hazard estimation to generate the predicted cohort-specific proportion of calendar sales in a given year. The forecast for the volume of originations depends strongly on the definition of the relevant mortgage population. A definition that excludes assumptions but otherwise includes all properties selling between 1971 and 1991 in which a first mortgage was used in its acquisition yields a forecast of $47.2 billion for …

Estimating The Volume Of Multifamily Mortgage Originations By Commercial Banks Using The Survey Of Mortgage Lending Activity And The Home Mortgage Disclosure Act Data, Amy D. Crews, Robert M. Dunsky, James R. Follain

Center for Policy Research

Two public data sets on multifamily mortgage originations are used to resolve the $15 billion discrepancy between the published estimates of the size of the multifamily lending market covered by commercial banks. The data are from the Survey of Mortgage Lending Activity and the Home Mortgage Disclosure Act. The analyses show the primary sources of the differences in the estimates are differences in the populations covered, nonreporting biases, and the methods used to expand the reported values to aggregate values. The 1993 multifamily mortgage originations volume by commercial banks is estimated to be about $7-8 billion.

Growth-Inflation Tradeoff In China, Hiroyuki Imai

CAPS Working Paper Series

The high growth and wide fluctuations of fixed investment are the main driving forces of the rate of inflation in China in the reform period. Investment expansion generates strong demand pressures in the consumption goods market. Its inflationary impact is magnified further as it brings about higher wage costs during a boom. An implied short-run tradeoff is derived from dynamic simulation of a small macroeconomics model. In a given year, each additional percentage point of economic growth or investment growth leads to, respectively, a 2.7 or a 0.9 percent increase in the rate of inflation that year.

Bureau Of Business And Economic Research_1995 (2), University Of New Mexico Bureau Of Business And Economic Research

BBER Publications

The report provides a comprehensive socioeconomic and economic‑impact assessment of Los Alamos National Laboratory (LANL) and its surrounding TriCounty region—Los Alamos, Rio Arriba, and Santa Fe Counties. The study examines regional demographic and economic conditions, evaluates structural strengths and weaknesses, and quantifies LANL’s direct, indirect, and induced economic contributions, including employment, payroll, business activity, and tax impacts. It also analyzes two defense‑downsizing scenarios, incorporating business surveys and early‑retiree data to assess regional adjustment capacity.

American Isolationism Versus The Global Marketplace, Murray L. Weidenbaum

Murray Weidenbaum Publications

A growing paradox faces the United States. There is simultaneously a rise in support for isolationism alongside an increasing globalization of business and economic activity. Examined separately, both trends possess a certain logical appeal. After all, given the end of the Cold War, many Americans expect an increased focus on domestic issues, of which there are plenty. At the same time, a global marketplace based on international trade has arrived. This paper examines the tensions these two trends present when placed alongside one another.

Impact Assessment Los Alamos Defense_November 1995, University Of New Mexico Bureau Of Business And Economic Research

BBER Publications

The report also evaluates socioeconomic conditions, regional strengths and weaknesses, and the readiness of local businesses and early retirees to support defense conversion efforts.

Impact Assessment Los Alamos Defense _November 1995, University Of New Mexico Bureau Of Business And Economic Research

BBER Publications

The study examines the economic importance of Los Alamos National Laboratory (LANL) to the economies of Los Alamos, Rio Arriba, and Santa Fe Counties and evaluates the potential consequences of defense-related downsizing. Prepared by the University of New Mexico Bureau of Business and Economic Research, the study was undertaken during a period of declining federal defense expenditures and growing concern regarding the future role of national laboratories. Using socioeconomic profiling, regional economic analysis, business and community surveys, and econometric modeling, the report assesses the region’s economic strengths and weaknesses, measures LANL’s direct, indirect, and induced economic impacts, and estimates the …